There are a lot more of typical mistakes, but these probably are most famous. When trading manually, you must have a very calm mind, and be confident (but not over confident). Both sides swear by their methods, and throw around graphs showing incredible gains on their accounts.

Now, this might not be a problem for professional traders (either the ones who trade for institutions, or ones that make their living on Forex), but that's never the michel for beginning currency traders. Since you're trading manually, you are your worst enemy. However, the answer is not so difficult to understand, once you get the main problems with both approaches, and how to solve them.

A debate on manual trading vs Forex robots is a never ending one. Problems with manual trading There are two main problems when trading manually. Second is that you should actively monitor the market. Exiting trades too early/too late, wishing just a couple of minutes later, that you've stayed in, or got out, sounds familiar.

There are a couple of solutions, like trading long time frames for example daily graphs allow you to check in on the market only once per day, or trading.